The Managing Director of the Ghana Publishing Company, Nana Kwasi Boatey, has said that reforms inspired by the government’s 24-hour economy policy have transformed the company’s operations, resulting in improved efficiency, higher revenues, and stronger financial stability.
Speaking during a visit by President John Dramani Mahama, Mr Boatey disclosed that management introduced a two-shift system, including night operations, shortly after taking office to maximise productivity and prevent job losses.
“We decided to implement a night shift within three weeks. It meant running two shifts to make better use of our workforce. Without that decision, about 100 workers would have been laid off. In my view, it turned out to be the best decision for this company,” he said.
He noted that the operational reforms significantly reduced turnaround times for key services, particularly the production of government gazettes.
“Gazettes that used to take eight weeks are now completed within three weeks. We have also introduced a 24-hour gazette turnaround, where documents submitted today are ready by the next day,” Mr Boatey explained.
According to him, the improved efficiency created opportunities for increased revenue generation, which has since strengthened the company’s financial position.
The Managing Director said the revenue gains have enabled the company to invest in new infrastructure, including the establishment of a fully equipped digital press centre.
Mr Boatey further revealed that the company was in a dire financial situation when the current management took over, with a bank balance of GH¢400,000. He added that salaries for January were paid through an overdraft facility.
“In just ten months, the situation has changed significantly. In December, we paid a 13th-month salary without borrowing, and we have committed to a 40 per cent increase in staff salaries,” he said.
He further announced that the company has been able to place GH¢15 million in a fixed deposit account, describing the milestone as clear evidence of the impact of the 24-hour economy reforms on the Ghana Publishing Company.
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Source: www.myjoyonline.com
